Outlook
Price was supported for a second time at the low of $252.30 and there was a divergence warning from MACD as well. An Abandoned Baby candlestick price pattern was also formed with in the last 3 days of trading activity. This is a bullish reversal candlestick pattern. We think price is likely to test the upper edge of the cloud as well as a previous high on 24 November at $280.30
Strategy
$261.00 Buy
$281.00 Price Target
$251.00 Risk Management Stop
3 weeks Trade Duration
